My last article rightly criticised the nonsense pumped out by some journalists who are more interested in headlines than fact. Today, the Real Estate Institute, put another set of (more plausible?) facts on the table. You can almost hear the gnashing of teeth as some frustrated journalists find that their sensationalist headlines and leftist opinions have been so completely thwarted already – in fact within 24 hours.
Auckland boom helps house sales
Last updated 11:08 13/04/2011
House sales in Auckland have added strength to a seasonal uplift in March, although price rises are still modest, the Real Estate Institute says.
Nationally unconditional sales rose 29 per cent to 5848 compared the previous month.
On a seasonally adjusted basis, and excluding the ”earthquake effect” of Canterbury and Westland’s figures, the monthly increase in volumes was 5.4 per cent and 1 per cent higher than March last year.
Prices were also positive but more subdued, with the national median up $15,000 to $365,000 from February, and up by $4500 on March last year.
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